At a Glance Q2 2023

Office market Hamburg

Büromarkt Hamburg


Despite difficult conditions, the Hamburg office market benefited from its broadly established demand base in the first half of the year and achieved take-up of 223,000 m². This result is 26% below the very high prior-year result and a good 9% below the ten-year average. In a nationwide comparison, some of the other major locations recorded higher take-up losses, nevertheless Hamburg is in third place behind Berlin (262,000 m²) and Munich (237,000 m²). Overall, there is still good demand in all size classes, although some companies are tending to downsize. RTL Deutschland was responsible for the largest letting to date, taking 17,200 m² in HafenCity following its takeover of the Gruner + Jahr publishing house. In the City submarket, the Hamburg Parliament rented around 9,800 m² on Alter Wall and Deutsche Giganetz occupied 7,300 m² in the TRIIIO office ensemble, the former headquarters of Hamburg Süd.


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